BlackRock Alerts Investors to Growing Threat of Crypto Investment Frauds

BlackRock, the world’s largest asset manager with $10.5 trillion in assets, has issued a warning about increasing cryptocurrency scams. 

The firm cautioned against fraudulent schemes that use its brand to lure individuals into fake investment opportunities through websites and social media platforms like WhatsApp and Telegram. BlackRock emphasized that neither the company nor its executives solicit investments or payments through social media. 

Scammers often pose as BlackRock employees, promising high returns and directing victims to fake trading platforms. BlackRock’s CEO, Larry Fink, now views Bitcoin as “digital gold” and advocates for its role in protecting against economic instability.

Clever Robot News Desk 31^st July 2024